In a report released today, John Rodis from Janney Montgomery maintained a Hold rating on Texas Capital Bancshares (TCBI – Research Report), with a price target of $66.00. The company’s shares opened today at $64.52.
Rodis covers the Financial sector, focusing on stocks such as Mercantile Bank, UMB Financial, and Texas Capital Bancshares. According to TipRanks, Rodis has an average return of 11.2% and a 63.33% success rate on recommended stocks.
In addition to Janney Montgomery, Texas Capital Bancshares also received a Hold from Citi’s Ben Gerlinger in a report issued on January 19. However, today, J.P. Morgan maintained a Sell rating on Texas Capital Bancshares (NASDAQ: TCBI).
See Insiders’ Hot Stocks on TipRanks >>
TCBI market cap is currently $3.06B and has a P/E ratio of 17.99.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TCBI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Texas Capital Bancshares (TCBI) Company Description:
Texas Capital Bancshares, Inc. operates as the holding company for Texas Capital Bank NA. It provides commercial banking services to its customers in Texas and concentrates on middle market commercial businesses and successful professionals and entrepreneurs. The company loan portfolio comprises of commercial loans, real estate loans, construction loans and letters of credit; business deposit products include commercial checking accounts, lockbox accounts, cash concentration accounts, and other treasury management services, including an on-line system; trust and wealth management services include investment management, personal trust and estate services, custodial services, retirement accounts and related services. Texas Capital Bancshares was founded by George F. Jones, Jr. and Joseph M. Grant in November 1996 and is headquartered in Dallas, TX.
Read More on TCBI:
- Texas Capital price target raised to $68 from $65 at RBC Capital
- Texas Capital price target lowered to $68 from $70 at Wedbush
- Texas Capital price target raised to $66 from $64 at Citi
- Texas Capital Bancshares Launches $150M Stock Buyback Program
- Texas Capital Bancshares, Inc. Announces Fourth Quarter and Full Year 2023 Results
